Marvipol Development Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	312.62	239.11	187.83	239.54	132.61	182.97
Cash & Short-Term Investments	312.62	239.11	187.83	239.54	132.61	182.97
Cash Growth	66.54%	27.30%	-21.59%	80.63%	-27.52%	28.39%
Accounts Receivable	17.26	3.96	4.76	2.63	4.27	1.71
Other Receivables	0.04	10.86	41.64	20.66	21.84	47.67
Receivables	17.3	14.82	46.4	23.29	26.11	49.38
Inventory	918.53	887.4	977.02	812.33	768.2	1,008
Restricted Cash	-	32.09	70.16	47.18	35.68	35.21
Other Current Assets	-	-	-	-	15	9.48
Total Current Assets	1,248	1,173	1,281	1,122	977.6	1,285
Property, Plant & Equipment	118.09	120.6	126.88	128.52	129.53	67.87
Long-Term Investments	-	-	7.81	4.33	32.62	21.5
Other Intangible Assets	0.17	0.23	0.25	0.16	0.25	0.09
Long-Term Deferred Tax Assets	31.25	31.13	29.95	24.27	22.8	21.12
Other Long-Term Assets	120.62	2.73	3.33	1.32	0.2	72.99
Total Assets	1,519	1,446	1,584	1,461	1,377	1,550
Accounts Payable	31.1	35.61	43.6	31.1	36.33	46.99
Accrued Expenses	-	1.73	1.48	5.66	1.95	2.24
Current Portion of Long-Term Debt	29.36	20.82	69.86	116.75	19.05	73.28
Current Portion of Leases	11.14	8.48	10.99	11.35	12.44	21.82
Current Income Taxes Payable	2.79	4.34	0.46	2.08	0.11	6.71
Current Unearned Revenue	146.63	88.18	266.58	215.15	230.59	477.3
Other Current Liabilities	-	8.82	3.45	2.71	10.2	12.69
Total Current Liabilities	221.02	167.98	396.42	384.81	310.66	641.03
Long-Term Debt	488.86	456.16	378.97	261.73	306.93	254.85
Long-Term Leases	61.23	65.95	70.49	72.62	76.89	17.28
Long-Term Deferred Tax Liabilities	12.78	16.09	22.52	14.64	12.53	17.94
Other Long-Term Liabilities	8.31	8.49	17.2	17.04	15.23	6
Total Liabilities	792.19	714.67	885.59	750.85	722.25	937.1
Common Stock	41.65	41.65	41.65	41.65	41.65	41.65
Retained Earnings	366.81	371.56	338.38	350.81	295.54	253.12
Treasury Stock	-0	-0	-	-	-	-
Comprehensive Income & Other	317.92	317.92	317.92	317.92	317.92	317.92
Shareholders' Equity	726.38	731.13	697.96	710.39	655.11	612.69
Total Liabilities & Equity	1,519	1,446	1,584	1,461	1,377	1,550
Total Debt	590.58	551.41	530.31	462.45	415.31	367.24
Net Cash (Debt)	-277.96	-312.3	-342.48	-222.92	-282.7	-184.26
Net Cash Per Share	-6.64	-7.50	-8.22	-5.35	-6.79	-4.42
Filing Date Shares Outstanding	43.18	41.65	41.65	41.65	41.65	41.65
Total Common Shares Outstanding	43.18	41.65	41.65	41.65	41.65	41.65
Working Capital	1,027	1,005	884.99	737.53	666.94	644.34
Book Value Per Share	16.82	17.55	16.76	17.05	15.73	14.71
Tangible Book Value	726.21	730.9	697.71	710.23	654.86	612.6
Tangible Book Value Per Share	16.82	17.55	16.75	17.05	15.72	14.71
Land	-	3.78	3.78	3.78	3.78	3.78
Buildings	-	60.76	58.99	58.87	55.4	23.94
Machinery	-	6.33	6.55	3.54	3.58	1.92
Construction In Progress	-	0.58	0.58	0.65	0.69	21.37